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Topic: Indonesian rupiah

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	Indonesian rupiah - Wikipedia, the free encyclopedia
		The first rupiah was introduced in 1945 in those parts of the Netherlands Indies under the control of Republic of Indonesia.
		The Riau islands and the Indonesian half of New Guinea (Irian Barat) had their own variants of the rupiah, but these were subsumed into the national rupiah in 1964 and 1971 respectively (see Riau rupiah and West New Guinea rupiah).
		Rampant inflation caused, on December 13, 1965, the new rupiah to be introduced at a rate of 1000 old rupiah to one new rupiah.
	en.wikipedia.org /wiki/Rupiah (613 words)

	Investment Climate
		The Indonesian government turned to the International Monetary fund in October 1997 for assistance in surmounting its economic difficulties which included a substantial depreciation of the Indonesian Rupiah, rising inflation, and a collapsing banking system.
		In July 1997, the Indonesian rupiah began to weaken and Indonesia was forced to widen its trading band to 12 from 8 percent.
		The Indonesian government promulgated a new regulation in May 1998 which make it easier for labor organizations to register as trade unions, and several new unions have formed to join the Federation of All-Indonesian Trade Unions (FSPSI), which was the sole government-recognized union prior to 1998.
	www.usembassyjakarta.org /ccg/chapter7.html (5007 words)

	Indonesian rupiah falls to new low against dollar (Site not responding. Last check: 2007-11-01)
		HONG KONG -- The Indonesian rupiah tumbled to a record low of 12,000 to the dollar on Wednesday, but Asian stock markets defied fears over the region's weakening currencies and ended Wednesday higher after an initial drop.
		The rupiah hurtled lower on reports that Indonesian corporates were resorting to rupiah payments on U.S. dollar debt, while renewed political jitters added another broadside.
		The Indonesian currency ended the day at 11,600 to the dollar, vs. the opening of 10,000 and Tuesday's close of 9,850.
	www.chron.com /content/chronicle/biz/98/01/22/asia.2-0.html (326 words)

	Living in a Rupiah World ... using Indonesia's national currency
		Exchange rates of Indonesian Rupiah to foreign currencies fluctuate on a daily basis, however normally the fluctuation is minor.
		With the ups and downs in the value of the rupiah against foreign currencies since the beginning of the monetary crisis in 1997, you may be wise to keep your excess funds in a foreign currency, as opposed to in rupiah, changing only the amount you need into rupiah for your daily needs.
		While fortunate expats making a foreign currency salary reap the benefit of getting more rupiah for their foreign currency, all around them, the Indonesians who are paid in rupiah (the vast majority) are suffering catastrophic inflationary pressures from the increased price of goods.
	www.expat.or.id /info/rupiahworld.html (2931 words)

	HARIAN UMUM SUARA MERDEKA (Site not responding. Last check: 2007-11-01)
		SINGAPORE (Dow Jones): The volatility in the Indonesian rupiah, stemming from a leadership crisis in the country, has slowed commodities trading across the country.
		Cocoa farmers in the Indonesian province of South Sulawesi have been holding back beans in the last couple of days because of the volatile rupiah along with lower values in New York cocoa futures, said a Singapore-based trader.
		A strong rupiah means exporters would have to pay more rupiah for every metric ton of coffee they buy.
	www.suaramerdeka.com /harian/0106/01/eng7.htm (311 words)

	Business and Finance - Asia -- WSJ Interactive Edition (Site not responding. Last check: 2007-11-01)
		A currency-board mechanism for pegging the Indonesian rupiah to the dollar would be "radical, strong medicine," said IMF Managing Director Michel Camdessus.
		The rupiah dropped early in the day as traders reacted to weekend news that if Indonesia didn't back away from the plan, the IMF was threatening to pull the plug on an IMF-led bailout package, which together with other pledged funds amounts to $43 billion with this explainer.
		The plan would peg the rupiah to the dollar at around 5,000 per dollar and dismantle the nation's central bank, a move that IMF officials argue would further damage the Indonesian economy.
	www-personal.umd.umich.edu /~mtwomey/newspapers/0216imf.html (757 words)

	BBC News \| Business \| Dispute reports weaken rupiah
		The Indonesian rupiah has fallen sharply against the US dollar after continuing social unrest and reports of a disagreement between President Suharto and the International Monetary Fund.
		Indonesian shares closed generally lower, but the Jakarta Stock Exchange composite index rose 2% on buying in mining and telecommunication stocks.
		Indonesian financial instability is reported to have contributed to falls in the main Hong Kong stock index and weakness in the currency markets in Singapore, Malaysia and the Philippines.
	news.bbc.co.uk /1/hi/business/57044.stm (299 words)

	Indonesian Rupiah Exchange Rates - North and South America - Current Exchange Rates (Site not responding. Last check: 2007-11-01)
		Indonesian Rupiah exchange rates against currencies in North and South America
		Exchange rates for the Indonesian Rupiah against foreign currencies from North and South America are displayed in the table above.
		The values in the Convert To column provide the quantity of foreign currency units that can be purchased with 1 Indonesian Rupiah based on recent exchange rates.
	www.exchange-rates.org /currentRates/IDR (178 words)

	ABS-CBN Interactive (Site not responding. Last check: 2007-11-01)
		The Indonesian rupiah plunged to a four-year low as stock and bond investors were scared off by record oil prices and the central bank's reluctance to raise interest rates aggressively to stem inflationary pressures.
		The price of Indonesian sovereign dollar bonds due in 2014 fell half a point to 96/97, while 2015 bonds were down by a similar margin at 97/98.
		The rupiah has lost around 13 percent of its value this month and 18 percent this year against the dollar, as oil prices surged to more than $70 per barrel, worsening Indonesia's balance of payments and fuelling inflation expectations.
	www.abs-cbnnews.com /storypage.aspx?StoryId=14777 (962 words)

	Hanke battles US, IMF over (Site not responding. Last check: 2007-11-01)
		Hanke is acting as a top advisor to Indonesian President Suharto on a plan to implement a highly controversial monetary policy that skeptics claim could exacerbate the country's current economic problems.
		Several high-ranking officials in the Indonesian government were interested in Hanke's ideas and invited him to Indonesia to discuss his plan with President Suharto.
		The most important component of the proposal is to fix the exchange rate between the Indonesian rupiah and the U.S. dollar.
	www.jhu.edu /~newslett/03-05-98/News/1.html (756 words)

	Radio Australia - News - Indonesian rupiah hits new low (Site not responding. Last check: 2007-11-01)
		The Indonesian rupiah has fallen almost 10 per cent against the US dollar so far this year.
		The Indonesian rupiah has fallen to its lowest rate against the US dollar since January 2002.
		The continued slide of the rupiah comes even after Indonesia's central bank warned it would raise its key interest rate to ease pressure on the currency.
	www.abc.net.au /ra/news/stories/s1447162.htm (216 words)

	Asia Times
		Since Indonesian legislators drove president Abdurrahman Wahid from office in July 2001, the rupiah's US dollar exchange rate has strengthened by more than 20 percent from 11,000 to the 8,670 it touched on Monday, a one-year high.
		Those currencies remain in their established post-financial-crisis trading zones, while the rupiah is still far stronger than its usual benchmark of 10,000.
		From that perspective, the rupiah has merely been closing a wide value gap with the currencies of its neighbors that, at least in the case of Philippines, don't stand that far above Indonesia on the political economy hit parade.
	www.atimes.com /atimes/Southeast_Asia/ED24Ae01.html (1184 words)

	Radio Australia - News - Indonesian rupiah remains under pressure (Site not responding. Last check: 2007-11-01)
		The rupiah remains under pressure after plunging to a four-year low on Tuesday.
		The Indonesian rupiah has weakened as much as 5.6 per cent amid concerns the government's measures to stem the currency's slide do not go far enough.
		At last report, the rupiah was 10,800 to the dollar, compared with 10,200 quoted late on Wednesday.
	www.abc.net.au /ra/news/stories/s1450898.htm (175 words)

	Free fall in Indonesia - Jan. 22, 1998
		NEW YORK (CNNfn) - The Indonesian rupiah plunged to record lows Thursday but that may be the least of the worries of the country's citizens, who are staring at the face of massive layoffs in a country that seems to keep falling down.
		The rupiah stood at 12,000/12,500 to the U.S. dollar in Asian trading Thursday, but had lost even more value during the day and, at one point, was at 15,000 to the dollar..
		"This is expected to increase this year because at least one million people will lose their jobs in the wake of the crisis." Even that figure may be low, according to Indonesian labor union officials, who estimate the number could rise as high as 10 million.
	money.cnn.com /1998/01/22/economy/rupiah (912 words)

	BBC News \| BUSINESS \| Indonesian rupiah hits low
		The Indonesian rupiah fell 4% on Wednesday and hit a 16-month low in the wake of a bomb blast at the attorney general's office late on Tuesday.
		The row between President Wahid and the head of the Indonesian central bank, which led to the bank chief's arrest last month, has not boosted investor confidence.
		The weakness in the rupiah is discouraging foreign investment and raising the prices of imported goods for the poor.
	news.bbc.co.uk /1/hi/business/820789.stm (448 words)

	West New Guinean rupiah - Wikipedia, the free encyclopedia
		The rupiah was a separate currency in West New Guinea between 1963 and 1973.
		It replaced the West New Guinea gulden at par and was replaced by the Indonesian rupiah at a rate of 1 West New Guinea rupiah = 18.9 Indonesian rupiah.
		This page was last modified 04:38, 11 February 2006.
	en.wikipedia.org /wiki/West_New_Guinea_rupiah (88 words)

	Forex - Indonesian rupiah steady ahead of Yudhoyono's announcement - Forbes.com (Site not responding. Last check: 2007-11-01)
		JAKARTA (AFX) - The rupiah was steady against the dollar, with demand for the US currency in line with supply ahead of the expected announcement by President Susilo Bambang Yudhoyono of policies to support the rupiah, dealers said.
		At 9.30 am, the rupiah was at 10,500/10,600 to the dollar compared with yesterday's close of 10,500/10,700.
		The rupiah hit a fresh four-year low of 11,800 to the dollar yesterday, before rebounding after Bank Indonesia decided to take some supportive measures including substantial interest rate hikes.
	www.forbes.com /markets/feeds/afx/2005/08/30/afx2197932.html (519 words)

	E Timor To Return Rupiah In Bid To Make US Dlr Only Currency
		However, the Indonesian rupiah as well as the Australian dollar and the Portuguese escudos have remained in widespread circulation.
		One of the main problems is that small traders in food markets and elsewhere find it hard to sell their goods, including fruit and vegetables, in U.S. dollars because the value of dollar bills is too high.
		In Jakarta Friday, the U.N.'s Indonesian representative Lakhan Mehrota signed an agreement with Bank Indonesia Deputy Governor Miranda Goeltom to return an estimated IDR220 billion ($1=IDR11,175) in bank notes and coins to Indonesia over the next six months.
	www.etan.org /et2001b/june/1-9/08etto.htm (273 words)

	Forex - Indonesian rupiah falls past 10,500 vs dollar - Forbes.com (Site not responding. Last check: 2007-11-01)
		Asked what drove the rupiah down, a foreign exchange dealer with a European bank said 'first of all it was the oil price, but I don't think it is the only thing to blame for the rupiah's fall.'
		Bank Indonesia governor Burhanuddin Abdullah said the central bank is considering some measures, such as reducing the limit on banks' foreign derivative transactions from a maximum of 1 mln usd currently.
		The last time the central bank raised the reserve requirement was in July last year, to 6-8 pct from 5 pct, for banks with third-party funds of more than 1 trln rupiah.
	www.forbes.com /markets/feeds/afx/2005/08/29/afx2194233.html (465 words)

	Foreign Exchange Rates & Money Changers
		Once they have counted out your Rupiah into different piles and you have also checked them / counted it out for yourself, don't let them touch / recount the piles, as some notes may accidentally "fall" on the floor!
		One way of dissuading them from recounting your money is to keep it out of their reach and / or put elastic bands around the counted piles.
		Because even a US$100 worth of Rupiah is a mighty large "wad" of notes in Rp50,000's.
	www.travelforum.org /bali/foreign-exchange.html (982 words)

	RatesFX - Indonesian rupiah, IDR, Exchange rate table
		RatesFX - Indonesian rupiah, IDR, Exchange rate table
		Foreign exchange rate data - Indonesian rupiah - IDR - Indonesia
		Indonesian rupiah, Tuesday, May 2 2006, 16:00 EST DST (2006-05-02 20:00 UTC)
	www.ratesfx.com /rates/rate-idr.html (40 words)

	Pacific Rim Turmoil
		The Jakarta Composite Index (quoted in Indonesian Rupiah) fell from 740.83 on 7/8/97 to 339.54 on 12/15/97 (down over 54%).
		The Indonesian Rupiah was quoted at 2,363 Rupiah to the US$ on 1/2/97.
		From the perspective of the US, the Jakarta Composite Index fell from 30.46 US cents on 7/8/97 to 3.00 US cents on 1/23/98 (down over 90%).
	www.topline-charts.com /HotCharts/PacificRim.htm (446 words)

	P65 Indonesia 1959 5 Rupiah Unc - Indonesian Currency
		P65 Indonesia 1959 5 Rupiah Unc - Indonesian Currency
		Please check the Indonesian Currency link on menu to the left, if it is listed there, we most likely have it.
		If you have any question please contact us via e-mail.
	www.kcshop.com /fc/p.php?pic=F315 (102 words)

	News: Deals: Reports
		PM offered 10,600 rupiah ($1.134) in cash per share, or a total value of 27.876 tril rupiah ($2.983 bil) and assumption of an estimated 1.5 tril rupiah ($160.5 mil) in liabilities.
		Earlier, PM completed its tender offer for HM by accepting 4.295 bil ordinary shares, or 98% of HM's shares outstanding.
		The transaction was approved by the customary regulatory review and the Indonesian Securities Custodian.
	money.cnn.com /news/deals/mergers/reports/849852040.html (341 words)

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